Headliners Foundation of Texas

Analysis

Headliners Foundation of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Headliners Foundation of Texas reported income of $697k and spending of $341k, leaving 51% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $229k to $697k (+205%), an average of +25% a year. The sharpest change came in the year to July 2022, when income rose by 249%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Headliners Foundation of Texas sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Waterloo Cedar Falls Symphony Orchestra Association ($697k), Habitat for Humaity International Inc ($697k) and Literacy Alliance of Northeast Florida Inc ($697k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $91k (27% of expenses). At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m.